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Tuesday, October 27, 2015

Timeshare Scams - Con Artists Running Wild

The timeshare market is over flooded with units for sale. Many people who are struggling to make ends meet are desperate to sell their timeshare. Selling a timeshare vacation property has always been a very big challenge. But these days, it is all but impossible.

Many State Attorney General are now saying; selling a timeshare vacation property it's a major problem that's affecting consumers across the U.S. "

The attorney general office of Florida has had almost 10,000 complaints just this year. All the State Attorney General are saying they get lots of complaints about timeshares sales and timeshare re-selling. It's a big, big issue today.

Millions Of Dollars Going To Con Artists

Timeshare scams and con artists are cashing in on that desperation. Fraudulent telemarketers across the country are taking in millions of dollars by making many promises they can't keep.

These timeshare scams are smooth, they have scripts. They do this thousands and thousands of times a week. They know what they're doing, but the key is not to fall for their scams.

Appraisal For A Timeshare

There is not enough data compiled to produce a bona fide appraisal. If you need an appraisal for a divorce or the IRS, you should make sure you are using a licensed appraiser who is risking his license to give you that appraisal.

The only time you should pay a fee for an appraisal for a timeshare is NEVER. At this time it is almost impossible to appraise a timeshare that is sold on the resale market.

Timeshare Scammers Call You

"One of the big warning signs of timeshare resell is they'll “call you”, not the other way around. They'll call and ask you out of the blue, 'Can we help you sell your timeshare? They’ll say they have buyers just waiting for weeks like yours.

They’ll say they work and deal with real estate brokers that will also help in selling your timeshare weeks. They’ll say a great many things, with a great deal of high pressure on you to commit to what they are selling right then and there, but what they’re actually offering is overpriced advertising that, due to the over-inflated sales price they used to lure you in, has very little chance of selling your timeshare.

They Tell You Anything

There are many stories that go with this timeshare scams. They’ll tell you they have open houses at the resorts. They’ll tell you they have sold your type of unit for large dollar amounts. The only thing that winds up being sold is a bill of goods, and that was to you.

The telemarketer that “calls you” to sell you this advertising scam is most likely sitting in a big call center, surrounded by other people doing the exact same thing, probably on a sells quota/bonus system.